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Loans (Tables)
 6 Months Ended
Jun. 30, 2014
Loans [Abstract]  
Loan Portfolio Segmented By Risk Class
(In Thousands)
Commercial

Real estate construction one-to-four family

Real estate construction other

Real estate term owner occupied

Real estate term non-owner occupied

Real estate term other

Consumer secured by 1st deeds of trust

Consumer other

Total
June 30, 2014
 

 

 

 

 

 

 

 

 
AQR Pass

$333,734



$39,825



$49,098



$105,031



$280,143



$37,153



$32,128



$33,511



$910,623

AQR Special Mention
2,904


353


803


6,266


3,496


588


428


94


14,932

AQR Substandard
2,373


—


—


1,222


1,185


152


663


99


5,694

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$339,011



$40,178



$49,901



$112,519



$284,824



$37,893



$33,219



$33,704



$931,249

Less: Unearned origination fees, net of origination costs

 

 

(4,440
)
        Total loans
 

 

 

 

 

 

 

 


$926,809

December 31, 2013
 

 

 

 

 

 

 

 

 
AQR Pass

$293,803



$28,227



$31,633



$84,191



$251,384



$28,684



$15,877



$17,694



$751,493

AQR Special Mention
6,022


1,934


966


6,235


2,620


—


397


196


18,370

AQR Substandard
513


—


—


672


1,320


1,292


209


168


4,174

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$300,338



$30,161



$32,599



$91,098



$255,324



$29,976



$16,483



$18,058



$774,037

Less: Unearned origination fees, net of origination costs

 

 

(4,021
)
        Total loans
 

 

 

 

 

 

 

 


$770,016
Nonaccrual Loans By Segment
Nonaccrual loans at the periods indicated, by segment are presented below:
(In  Thousands)
June 30, 2014

December 31, 2013
Commercial

$934



$222

Real estate construction one-to-four family
—


—

Real estate construction other
—


—

Real estate term owner occupied
383


—

Real estate term non-owner occupied
1,194


151

Real estate term other
—


1,136

Consumer secured by 1st deeds of trust
473


187

Consumer other
96


119

Total

$3,080



$1,815
Past Due Loans And Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class:
(In Thousands)
30-59 Days
Past Due
Still
Accruing

60-89 Days
Past Due
Still
Accruing

Greater Than
90 Days
Still
Accruing

Nonaccrual

Total Past
Due

Current

Total
June 30, 2014
 

 

 

 

 

 

 
AQR Pass

$261



$—



$—



$—



$261



$910,362



$910,623

AQR Special Mention
488


—


—


—


488


14,444


14,932

AQR Substandard
—


—


—


3,080


3,080


2,614


5,694

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$749



$—



$—



$3,080



$3,829



$927,420



$931,249

Less: Unearned origination fees,  net of origination costs

 


 


(4,440
)
     Total
 


 


 


 


 


 



$926,809

December 31, 2013
 

 

 

 

 

 

 
AQR Pass

$672



$—



$—



$127



$799



$750,694



$751,493

AQR Special Mention
385


—


—


—


385


17,985


18,370

AQR Substandard
—


—


—


1,688


1,688


2,486


4,174

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$1,057



$—



$—



$1,815



$2,872



$771,165



$774,037

Less: Unearned origination fees,  net of origination costs

 


 


(4,021
)
     Total
 


 


 


 


 


 



$770,016
Impaired Loans
The following table presents information about impaired loans by class as of the periods indicated:
(In Thousands)
Recorded Investment

Unpaid Principal Balance

Related Allowance
June 30, 2014
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR pass

$59



$59



$—

Commercial - AQR special mention
346


346


—

Commercial - AQR substandard
2,262


2,727


—

Real estate term owner occupied- AQR pass
507


507


—

Real estate term owner occupied- AQR special mention
330


330


—

Real estate term owner occupied- AQR substandard
1,183


1,183


—

Real estate term non-owner occupied- AQR pass
614


614


—

Real estate term non-owner occupied- AQR special mention
3,132


3,132


—

Real estate term non-owner occupied- AQR substandard
1,141


1,141




Real estate term other - AQR special mention
1,156


1,156


—

Real estate term other - AQR substandard
152


152


—

Consumer secured by 1st deeds of trust - AQR pass
85


85


—

Consumer secured by 1st deeds of trust - AQR substandard
293


299




Consumer other - AQR substandard
53


53


—

          Subtotal

$11,313



$11,784



$—

With an allowance recorded
 

 

 
Consumer secured by 1st deeds of trust - AQR substandard

$349



$349



$14

  Subtotal

$349



$349



$14

Commercial - AQR pass

$59



$59



$—

Commercial - AQR special mention
346


346


—

Commercial - AQR substandard
2,262


2,727


—

Real estate term owner-occupied - AQR pass
507


507


—

Real estate term owner-occupied - AQR special mention
330


330


—

Real estate term owner-occupied - AQR substandard
1,183


1,183


—

Real estate term non-owner occupied - AQR pass
614


614


—

Real estate term non-owner occupied - AQR special mention
3,132


3,132


—

Real estate term non-owner occupied - AQR substandard
1,141


1,141


—

Real estate term other - AQR special mention
1,156


1,156


—

Real estate term other - AQR substandard
152


152


—

Consumer secured by 1st deeds of trust - AQR pass
85


85


—

Consumer secured by 1st deeds of trust - AQR substandard
642


648


14

Consumer other - AQR substandard
53


53


—

  Total

$11,662



$12,133



$14

(In Thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
December 31, 2013
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR pass

$181



$181



$—

Commercial - AQR special mention
314


314


—

Commercial - AQR substandard
343


488


—

Real estate construction one-to-four family - AQR special mention
353


353


—

Real estate construction other - AQR pass
1,686


1,686


—

Real estate construction other - AQR special mention
834


834


—

Real estate term owner occupied - AQR pass
512


512


—

Real estate term owner occupied - AQR special mention
484


484


—

Real estate term owner occupied - AQR substandard
672


672


—

Real estate term non-owner occupied - AQR special mention
786


786


—

Real estate term non-owner occupied - AQR substandard
955


955


—

Real estate term other - AQR substandard
1,292


1,571


—

Consumer secured by 1st deeds of trust - AQR pass
88


88


—

Consumer other - AQR substandard
65


65


—

  Subtotal

$8,565



$8,989



$—

With an allowance recorded
 

 

 
Consumer secured by 1st deeds of trust - AQR substandard

$186



$186



$11

         Subtotal

$186



$186



$11

Commercial - AQR pass

$181



$181



$—

Commercial - AQR special mention
314


314


—

Commercial - AQR substandard
343


488


—

Real estate construction one-to-four family - AQR special mention
353


353


—

Real estate construction other - AQR pass
1,686


1,686


—

Real estate construction other - AQR special mention
834


834


—

Real estate term owner occupied - AQR pass
512


512


—

Real estate term owner occupied - AQR special mention
484


484


—

Real estate term owner occupied - AQR substandard
672


672


—

Real estate term non-owner occupied - AQR special mention
786


786


—

Real estate term non-owner occupied - AQR substandard
955


955


—

Real estate term other - AQR substandard
1,292


1,571


—

Consumer secured by 1st deeds of trust - AQR pass
88


88


—

Consumer secured by 1st deeds of trust - AQR substandard
186


186


11

Consumer other - AQR substandard
65


65


—

  Total

$8,751



$9,175



$11
Loans Acquired with Deteriorating Quality
Purchased credit impaired loans at acquisition are presented below:
(In Thousands)
 
April 1, 2014
 
 
 
Contractually required principal payments
 

$7,553

Nonaccretable difference
 
(3,654
)
Fair value of purchased credit impaired loans
 

$3,899

As of June 30, 2014, loans accounted for under ASC 310-30 are as follows:
(In Thousands)
 
 
 
 
 
Contractually required principal payments
 

$7,473

Nonaccretable difference
 
(3,654
)
Fair value of purchased credit impaired loans
 

$3,819
Restructured Loans
The following table presents TDRs that occurred during the last twelve months that subsequently defaulted, for the periods ending June 30, 2014 and 2013, respectively:
 
June 30, 2014
June 30, 2013
 
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
(In  Thousands)
Troubled Debt Restructurings that Subsequently Defaulted:
Real estate construction one-to-four family - AQR special mention
1

$353

—

$—

Total
1

$353

—

$—

The following table presents newly restructured loans hat occurred during the six months ended June 30, 2014:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Commercial - AQR special mention
$
112


$
—


$
112

Real estate owner occupied - AQR substandard
—


248


248

Real estate non-owner occupied - AQR special mention
2,153


—


2,153

Real estate non-owner occupied - AQR substandard
—


1,150


1,150

Real estate other - AQR substandard
255


—


255

Consumer secured by 1st deeds of trust - AQR substandard
—


128


128

Subtotal
$
2,520


$
1,526


$
4,046

Existing Troubled Debt Restructurings
4,694


—


4,694

Total
$
7,214


$
1,526


$
8,740

The following table presents newly restructured loans that occurred during the six months ended June 30, 2014 by concession (terms modified):
 
 

June 30, 2014
 
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
(In Thousands)





Pre-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR special mention
1


$—



$—



$113



$—



$113

Real estate owner occupied - AQR substandard
2
 
—

 
—

 
—

 
248

 
248

Real estate non-owner occupied - AQR special mention
3
 
—

 
—

 
—

 
2,154

 
2,154

Real estate non-owner occupied - AQR substandard
3
 
—

 
—

 
—

 
1,150

 
1,150

Real estate other - AQR substandard
1
 
—

 
255

 
—

 
—

 
255

Consumer secured by 1st deeds of trust - AQR substandard
1
 
—

 
—

 
—

 
128

 
128

Total
11


$—



$255



$113



$3,680



$4,048

Post-Modification Outstanding Recorded Investment:
 

 

 

 

 

 
Commercial - AQR special mention
1


$—



$—



$112



$—



$112

Real estate owner occupied - AQR substandard
2
 
—

 
—

 
—

 
248

 
248

Real estate non-owner occupied - AQR special mention
3
 
—

 
—

 
—

 
2,153

 
2,153

Real estate non-owner occupied - AQR substandard
3
 
—

 
—

 
—

 
1,150

 
1,150

Real estate other - AQR substandard
1
 
—

 
255

 
—

 
—

 
255

Consumer secured by 1st deeds of trust - AQR substandard
1
 
—

 
—

 
—

 
128

 
128

Total
11


$—



$255



$112



$3,679



$4,046